According to the Taylor, if there is a recessionary gap of 3 percent of potential output and inflation is 4 percent, what real interest rate will the Fed set?

The Bay Area subway system, BART, offers senior citizens discounted fares for BART rides. This suggests that BART authorities believe that senior citizens have a ________ demand for subway rides

A) less price elastic B) more income elastic C) more price elastic D) less income elastic

Smith Barney, Charles Schwab, and Merrill Lynch are all primarily:

A. investment banks. B. mutual fund companies. C. insurance companies. D. securities firms.